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Spx500short

sell at 3449 with 3 tp within 48hsell #sp500 at 3449 with 3 tp within 48h ,so much overbough and #jacksonhole #symposium coming also there a bit euphoria with #china #tradedeal while it should be sell the rumour and #spx500 overperform #nasdaq #DowJones #usdjpy #eurusd #audusd #audjpy #uscad #xauusd #nzdusd also it can bed much more down make 2 separate lot and take profit on the first at tp 2 as exemple and let run the other with a manual trailing stop,like every 10 pts you down your stop wich you placed a bit down from the entry point for secure gain and no lost
OANDA:SPX500USDShort
by corsicasia
[SPX] Market Treasure Map: How We Get to 1550 in 2022!Prepare for a wild journey my friends! B) Coronavirus interrupted a massive 4-5 year Head and Shoulders pattern in the middle of the peak to create a Frankenstein Head and Shoulders Doubletop Megaphone pattern... a.k.a the MegaHead and Double ShoulderPhoneTM pattern. Now Price will fall back around left shoulder levels around major S/R. Coronavirus just sped up what was already in process... the 4-5 year pattern that fundamentally aligned with the expectation and likelihood of an oncoming recession in 2021 pre-COVID. So that pattern will be cut short and peak around the New Year. It is at this point... after the default (mortgage/auto/college), eviction, real estate and virus crises culminate in an ultimate crescendo (and maybe a banking crisis as well if we're lucky!)... we will steadily drop to ultimate market bottom in Spring 2022. We are in the midst of a massive bubble brought on by tax cuts for the wealthy and Big Business and the following massive Stock Buyback and Wealthy People Liquidity programs. Many big name trader people and a fair number of TView commonfolk have been calling for 1400-1600, even some exactly calling 1550 right at the strongest trend convergence point... I think this is a snapshot of some of the data they were basing those predictions on. The difference is the data is now revealing a potential period in time for this bottom. The red lines represent the top of the 38Y trend channel with a bit of overshoot. The purple line is the is the 38Y Market Baseline Trend. The magenta (?) horizontal lines are the strongest 20Y S/R channel and capture the 2Y peaks in both 1999-2000 and 2007-2008 and the 2011-2012 period. The white uptrend line is the strongest S/R for both those previous peaks and coincides exactly with the predicted bottom of the Megaphone pattern. As is typical with this pattern when it reaches the end, Price will fall even further below and be caught by the strongest 20Y S/R and 38Y Market Baseline Trend all converging with a major downward S/R (other white line). I think the gravity of this point on the market map is very high and the depravity we've seen our society degrade into will finally become too great to ignore and reach a breaking point. Sacrificing the People at the alter of Profit gets you some quick wins for the first few decades but it can't last forever. What is to be rebuilt, must first be torn down.
SP:SPXShort
by ProfitHarvest
35
SPX Pullback This Week Expected (600-1000ish pips)Short Term: Bear Long Term: Bull Unknowns: Fundamentals (Stimulus talks/reaction to gold creating instability in the dollar, Crude Oil Inventory Wednesday, Unemployment claims Thursday) For the past week and a half we've had a good bull run on the SPX. I myself made plenty of good trades and was able to hold the position and ride the wave. But I'm afraid it might temporarily be over. I've outlined the impulses/rallies in blue and the pullbacks in gold going back to June. After our last major resistance turned support (designated in the pink bordered box) that area was never retested once it left the building. After the big dip on the 11th creating and creating a new high on the twelfth, you can see the RSI and MACD see a shift in momentum. I drilled a little deeper into this segment here. SPX did not create a new high and side stepped the channel we've been following for the last two weeks. Which means another channel will be forming and I have the idea in the original chart. I believe we'll be following that channel probably making a few big drops along the way to the 3290-3280 area. Which would currently give us roughly 880 pips. What will be interesting to see is how it reacts with the 3330-3334 level. It is possible for that level to maintain support as it moves sideways. But I believe that is highly unlikely. Instead I believe it will drop through that level and retest for the sell down to the 3280 area. The two scenarios are loosely depicted below. What I'm personally hoping for is a quick/deep re-tracement bouncing off S/R levels along the way in which I will setup a sell down to the 3280 level for the major sell that would look something like this. Lastly I had to take a fibonacci re-tracement into consideration. The 3280 level sits just above the 618 re-tracement as is with the current high and 3280 being "1" fibonacci level. It would not be surprising If we see bullish action and a new All Time High (ATH) created around 3205 come Sunday/Monday that would then push that 618 re-tracement level up to match the 3280 level. This would be the ultimate trade scenario and such a scenario would be as follows. The one thing that could happen that I'm not considering is if we fall straight through that 3280 level. So I'm not going to worry about that. Thank you for checking out my analysis! Let me know what you think, please and thank you.
OANDA:SPX500USD
by BodiesXWix
Don't forget Gaps Traders, Here we have SPX on 4h chart. We have: 1- Overbought on RSI will lead to bearish divergence in the next few days to fill the gap before the black day of the crash. 2-Double bottom chart pattern that had broken neck line with TP 3231 "Nice level to resist this bull run. 3-After confirming Bearish divergence on RSI will have Major support at 89 MA and lower one at 200 MA which is located at the first GAP of Mid May If it all goes well I'll update this idea Like if you want updates. Regards,
TVC:SPXShort
by MohsenCapital
4
The Big Short. (Skip this trade at your own risk)So for sometime at Trading Group 101 we have been discussing and looking to work out the next move in the stock market during COVID-19. To do this successfully you need to look beyond the initial stock charts of the major indices and view the whole financial world. So with this in mind I am sharing some charts that not many people likely view (or even know exist) to give some insight into our thesis for the next big stock market crash. In the first chart (DBPK) we are looking at an ETF for shorting the stock market, this is showing us where people are not only withdrawing their money away from the stock market and into a cash position, but they are actively putting money into profit from any downside in the S&P 500. People do this for a variety of reason and not just to profit from a crash, but also to hedge their portfolios against a negative move. Price is at a level 33% lower than the start of the COVID-19 crisis. This does not agree with the real fundamental outlook of the economy where most of Europe is seeing case numbers rise, and leading doctors in the US admit the virus is still not under control there. The second chart (CRUDI) is an inversely correlated ETF against Crude Oil prices. In any market condition where the virus starts to peak again, we can expect Oil demand to fall and consequently prices to fall. This is where we will see this CRUDI chart rise as it did during the emergence of COVID-19. The third chart may be more familiar to people (VIX) measures the volatility of the stock market. Our analysis is telling us the VIX will soon start to rise which will be yet another indicator of the upcoming market crash. To back up this thesis we have to have a fundamental viewpoint - Essentially in so many different industries the 'new normal' isnt profitable. Restaurants with social distancing means they are not full, airlines are the same and this goes for many industries. If you have some ideas on this please comment below.
TOCOM:DBAIIShort
by JoelWarby
1
Sell-off before new wave up?Some time ago we discussed a possible retest of 3400 in SP500. That is exactly what is happening right now. 3400 is the magnet now. The Advance Decline Line is weak. So, likely we will see a profit booking near the double top. Besides, we see signs of distribution in volumes. Big players are getting out of the market slowly during the last few weeks. I am looking to take short signals in this market. Based on the Fed Funds Forecast I expect this sell-off will give a great buying opportunity. However, let’s take it step by step.
S
by UnknownUnicorn1156963
SPX500 REVERSAL???Potential double top could be forming on the daily hinting at a new downtrend coming soon. NFP last week pushed us up but the bear quickly brought SPX back down to reality and now we are looking at a further push to the downside should price break the necessary trendlines. I am seeing heavy consolidation at this resistance level when scaled down to 1 and 4hr time frames. A pinbar has also formed on the 1HR so I would be looking to take up short positions on SPX in the coming days once price breaks out of the consolidation box. Comments welcome! Happy Trading!!
FX:SPX500Short
by blessedasalei